Jordan Roy-Byrne CMT, MFTA

Alex Black, the founder and Chairman of Rio2 discusses the company’s 2024 objectives, the future financing to build the mine and its long-term expansion potential.  

Gold is consolidating bullishly but sector weakness casts doubt it can break $2100. The key support levels remain $2000 in Gold and $22 in Silver. Click Here to Learn About TheDailyGold Premium

We wrote that gold stocks are cheap and hated a few weeks ago.   You never could use those adjectives in a bull market.   Gold remains extremely close to a significant and historic breakout, but the sector as a whole is breaking down when measured against the stock market.   Below, we plot … Continue reading

We detail the current breakdown of precious metals against the stock market. Gold, Silver and gold stocks are breaking down to multi-year and in some cases multi-decade lows relative to the stock market. This also occurred in the late 1990s and 1960s before the start of those secular bull markets in precious metals. Click Here … Continue reading

Gold has been going sideways now for several months with resistance at $2100. With interest rates coming in the next few months central banks around the world have been buying gold and precious metals traders are expecting a big rally above $2100 to occur as that rate cut cycle starts. Yet, mining stocks are trading … Continue reading

Huge breakouts in markets are accompanied by long bases and very low volatility. Gold is in a long base and its volatility indicators remain in position for Gold to move explosively if it breaks $2100. Click Here to Learn About TheDailyGold Premium

Gold has important short-term support at $2000 and Silver does at $22. If the metals lose those levels then there could be more selling. However, it could setup a significant low before the spring.